14:39:46 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Parkland Corp
Symbol PKI
Shares Issued 176,213,846
Close 2024-01-05 C$ 43.09
Market Cap C$ 7,593,054,624
Recent Sedar Documents

Globe says Parkland files important news at an odd time

2024-01-05 08:50 ET - In the News

The Globe and Mail reports in its Friday edition that a change in the way Canadian securities regulators run their computer systems has made it possible for companies to file their required documents at all hours, any day, every day. The Globe's David Milstead writes that this makes it even easier to bury bad news on SEDAR+ when no one is looking. The expanded hours mean Canadian filers have more opportunities to file than U.S. companies do with EDGAR. The EDGAR window is open Monday through Friday. To get a same-day time stamp for most documents, they must be filed between 6:30 a.m. and 5:30 p.m. ET. A search of SEDAR+ filings showed companies submitted 47 disclosures from Saturday, Dec. 23, to Tuesday, Dec. 26, with 14 of them coming from three companies on Christmas Day. From Saturday, Dec. 30, to Monday, Jan. 1, companies made 52 filings, half of them from 12 companies on New Year's Day. Parkland Fuel put out a news release on Sunday, Dec. 31, that was then filed Jan. 1. It announced the departure that day of two directors nominated by major shareholder Simpson Oil Ltd. The two had just been re-elected to the board in the spring. The shares dropped 3.25 per cent on Jan. 2, the first day of trading after the announcement.

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